The Federal Reserve recently announced the CRA asset-size thresholds were updated and will take effect January 1, 2011. These thresholds determine an institution’s classification for CRA purposes.
For either of the prior two calendar year ends (December 31, 2010 & December 31, 2009):
- A “small bank” or “small savings association” means assets less than $1.122 billion
- An “intermediate small bank” or “intermediate small savings association” means assets of at least $280 million but less than $1.122 billion
- A “large bank” or “large savings association” means assets of $1.122 billion or more.
Amy brings many years of banking and compliance experience to Banker’s Compliance Consulting. She has worked for both large and small financial institutions and spent time working in every area of a bank. She started out as a teller in college and eventually became a branch manager.
Her love, however, was always compliance. Amy began her career with Banker’s Compliance Consulting in 2000. Her knowledge and experiences have allowed her to develop a well-rounded and practical approach to regulatory compliance. Amy is CRCM certified, has a Bachelor’s Degree in Business Administration, and is a graduate of the ABA Compliance School.
Amy & her husband have two children at home and stay busy following their activities. They spend a lot of time in the bleachers!